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Establishing a FundNonprofit Endowment FundsThe Community Foundation's mission is to promote regional philanthropy and develop community capital. We fulfill this mission by creating endowments, which generate a source of permanent income for charitable organizations. We provide local charitable organizations with expertise in administration and investment management for their endowment funds. A nonprofit endowment can be established by the organization or by an individual donor for a specific nonprofit. Each year, spendable income from the endowment is made available to the nonprofit organization to support its charitable mission. An initial gift of $25,000 can establish a nonprofit endowment fund. Additional gifts to the fund may be made in any amount. Contact Sheryl Aikman, Vice President, Development, for more information about nonprofit endowment funds. Click here for a list of Nonprofit Endowments Managed by The Community Foundation |
Frances McDowell and the Smith-McDowell House
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Suite 1600, The BB&T Bldg., One West Pack Square P.O. Box 1888, Asheville, NC 28802 P: (828) 254-4960 F: (828) 251-2258 |
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